Advocacy for Analytics in Construction
The construction industry is notorious for being slow to adopt new technology. Of all the available construction technology and construction software, it seems predictive analytics platforms have a particular layer of mystery surrounding them. When implemented effectively, automation and predictive technology enable higher profits, hyper-accurate forecasts, and simpler work processes.
Let’s take a look at some common misconceptions of adopting an analytics platform, and see how construction-specific analytics can actually improve your business.
1. We can’t implement new software because we just finished / are in the process of a software implementation
We’re glad to hear you're already on your contech journey. Integrating information from your new and current systems is time-consuming and exhausting. Smart analytics platforms integrate all of your construction software platforms and some even come with a service package to help get you set up quickly and efficiently.
2. We don’t have the budget / It’s too expensive
Cost is important, and so is value. With predictive analytics software, contractors enhance fee, automate processes, discover new projects, and freeze G&A. ROI is immediately noticeable and the value of the platform typically pays for itself in the first 3-6 months.
3. My system already does this / We will build it ourselves
In theory, it’s great to have a home grown system. But how many people and how much money will it actually take to build that system and accommodate new systems in the future? With a typical implementation time of 90 days or less, you can have a cohesive data analytics platform built by data scientists (literally) with deep industry experience for out of-the-box insights.
4. We already use data analytics
Great! You already have a head start on the concept of data analytics. Non-construction specific are good visualization tools that tell you what has already happened in a snapshot. Construction-specific analytics platforms that use predictive analytics can take you further by enabling greater visibility into financial and project data, allowing you to forecast more accurately with a vision toward the future, not the past.
5. What about data security?
Now more than ever construction data security is essential. The smart analytics platforms contractors are investing in meet the most stringent data security requirements, including being NIST compliant.
Briq is the first data analytics platform built specifically for construction professionals. We help contractors use their data to drive better outcomes for all phases of a project. Using modern technology such as automation, machine learning, and predictive analytics, Briq helps to stop fee erosion, freeze overhead costs and provide better outcomes for your business. Contact us to see what Briq can do for you.